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of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- the increase in the debt limit for cuts? >> are i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you, mr. speaker. >> speaker boehner speaking to the press outside of the offices on capitol hill. not really yielding any information, though. the intransigence it seems on both sides continues. but it definitely continues to sound like a campaign on both sides, as well. just a couple highlights for you. the speaker saying the democrats can't seem to come to any kind of decision o
of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by...
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going off the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president, congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernbile] it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know wh
going off the fiscal cliff will hurt our economy. it will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's...
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burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of the job she's done as secretary of state for this country. >>> welcome back to "hardball." we know now that mitt romney blames his loss on obama's gifts. i should put the quote marks around that. the much maligned 47% came out in force. last night paul ryan distanced himself from his running mate's remarks. take a look. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to aspirations and anxieties of every american. >> you know, it's
burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a...
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. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a
. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price....
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burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hil
burns gives us a rich man's look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year....
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we go over the so-called fiscal cliff. and massive government spending cuts. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts fo
we go over the so-called fiscal cliff. and massive government spending cuts. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the...
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going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013. unemployment would raise to 9.1% and the economy would experience what cbo said would be judged as a recession. but after that, then things start to look pretty good. the cbo says after next year by the agency's estimates economic growth will pick up. the labor market will strengthen returning output to its potential level. 5.5% by 2018. essentially if no deal is struck, the federal government would be forced to do what it's refused to do willingly, make dramatic changes in taxes and spending. if those changes happen automatically,
going off that fiscal cliff. to this point most of the conversation has been focused on what happens in january, and for good reason. there's no deal in congress. tax rates go up for a lot of folks, all americans. and a $1.2 trillion worth of defense and spending cuts will be automatically enacted. excuse me, that fiscal cough i told you about. the alternative minimum tax kicks in and put it all together and the results are pretty. the economy would contract by half a percent in 2013....
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burns gives usña rich man' look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. aç new abc news/washington pos poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of theon she's done as secretary of state for this country. i'm done! "are you a
burns gives usña rich man' look at the fiscal cliff. >> think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are...
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. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill. >> reporter: the white house called the proposal an opening bid, republicans called it a joke. now republicans have not yet put any comparable plan on the table. they seem willing to accept half t
. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some...
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do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is
do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not...
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the fiasco of going over the fiscal cliff. as i told the president a couple of weeks ago, there are in a glut of things i have wanted a detriment of, but almost all of them had a price tag attached to them. if we're going to talk above the debt limit, there will be depressed as a seated with it. i continue to believe any increase until the debt limit meats are exceeded. >> could after an in. we have just had a meeting with the secretariat of the treasury. it was a very productive meeting. this does not have to be a cliffhanger. it has already passed the senate. democrats are prepared to vote for it. we urge our republican colleagues and the house. let's give a christmas present to the republican people. this confidence that will give them as consumers will give confidence to the markets as well. the president has been clear, and we support him on holding firm to the expiration of tax cuts making 200 to dozen dollars a year. that would be part of a package. we have already voted for cut. revenues are needed and a job creation i
the fiasco of going over the fiscal cliff. as i told the president a couple of weeks ago, there are in a glut of things i have wanted a detriment of, but almost all of them had a price tag attached to them. if we're going to talk above the debt limit, there will be depressed as a seated with it. i continue to believe any increase until the debt limit meats are exceeded. >> could after an in. we have just had a meeting with the secretariat of the treasury. it was a very productive meeting....
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economy's problems or the u.s. government's budget deficit problems and does it i mean is really such a small part of the iceberg. of economic crisis that this country has been dealing with for the past four years and lo and behold when you talk to people that have been in the game for a while like the former republican strategist has been that we spoke to they say no it's very minimally addressing the problems of the u.s. and to put that in even broader scope our guest kevin phillips his recent book is about seven hundred seventy five so he just finished a book on the american revolution many more economic factors playing a role there than what we maybe are taught in grade school here in the u.s. so we looked at what the lessons are today looking at the. current economic problems and monetary problems and got his perspective a perspective he says that politicians are not likely to have he says they don't read history books but you know what we are giving them a clip notes just in case they happen to be watching an
economy's problems or the u.s. government's budget deficit problems and does it i mean is really such a small part of the iceberg. of economic crisis that this country has been dealing with for the past four years and lo and behold when you talk to people that have been in the game for a while like the former republican strategist has been that we spoke to they say no it's very minimally addressing the problems of the u.s. and to put that in even broader scope our guest kevin phillips his...
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. >> greta: we're about to go head first over the fiscal cliff and democrats and republicans are still miles apart. we spoke with gop senator john cornyn about president obama's plans too tax hikes. talking about increasing taxes, letting the tax rate go up on people making over $250,000 a year. as i understand it, that's about $85 billion a year, funding the government for eight days. $85 billion is a lot of money, but if you look at government waste, even senator tom coburn has identified $20 billion in waste. has anybody thought about getting the revenue from waste, seeing just how much we really need? >> the problem has usually been if you rdise taxes, the spending cuts will come later, and they never seem to manifest. >> greta: but not even spending cuts. actually waste. >> well, yeah, waste and fraud and abuse are the famous three horsemen of cuts. but the fact is that many times they're harder to get to it would afternoon. i think tom coburn has done a great service by identifying a lot of duplication and waste in the government, including in the pentagon. i'm a defense hawk, bu
. >> greta: we're about to go head first over the fiscal cliff and democrats and republicans are still miles apart. we spoke with gop senator john cornyn about president obama's plans too tax hikes. talking about increasing taxes, letting the tax rate go up on people making over $250,000 a year. as i understand it, that's about $85 billion a year, funding the government for eight days. $85 billion is a lot of money, but if you look at government waste, even senator tom coburn has...
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. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already weak with 8% unemployment, you do that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how do you get revenues. >> how. >> please, go ahead, go ahead. stuart: it's easy you lower tax rates and keep incentive to work harder. >> we've tried that. stuart: and you can't-- what. >> george bush tried that. look at the deficit we had. stuart: well, wai
. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already weak with 8% unemployment, you do that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different...
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speaker boehner said, quote, if the president really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house republicans is they need congress to raise the debt ceiling before the end of february when analysts estimate the treasury would run out of options and hit the borrowing cap. no deal is reached. closer to the deadline and today they will argue that's bad for business. help in supporting an approach without drama or delay a. >> we can't be going through another debt crisis, debt ceiling crisis like in 2011. that has to be dealt with. >> the president of the business roundtable has said congress should raise the debt ceiling enough for the next five years to avoid uncertainty. clearly that's something th
speaker boehner said, quote, if the president really wants to avoid sending the economy over the fiscal cliff, he has done nothing to demonstrate it. the position of congressman tom cole, that the party should agree immediately to extend the bush tax rates for americans making less than $250,000 a year is the best of a bunch of bad choices for the gop. >> the g 0 op is boxed in saying it's a terrible position because by default democrats get what they want. a big bargaining chip for house...
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you're a shopkeeper in the middle of the country, we go off the fiscal cliff, what does it mean for you? >> we know the economy needs to grow at 3%, probably closer to 4% or better in order to create new jobs, to make up for the increase in population. right now our unemployment rate has been unacceptablebly hi-fi longtime, around 7.9%. unless the economy is growing, you're not creating the jobs necessary to bring the unemployment down. if we go off the cliff, the economy will quit growing as fast, as a matter of fact going into negative growth or recession. a lot of people will be put out of work and no new jobs being created because of the uncertainty of the eoonomy. >> greta: why do you think the president would want us to go off the fiscal cliff? why do we have the brinkmanship? >> he sees this as ultimate leverage. i think he also thinks he got a mandate from the election, which he's mistaken about. we got exactly the same after the election as we had before, which is decided government, which to means the american public trust neither political party to have all the answers. last
you're a shopkeeper in the middle of the country, we go off the fiscal cliff, what does it mean for you? >> we know the economy needs to grow at 3%, probably closer to 4% or better in order to create new jobs, to make up for the increase in population. right now our unemployment rate has been unacceptablebly hi-fi longtime, around 7.9%. unless the economy is growing, you're not creating the jobs necessary to bring the unemployment down. if we go off the cliff, the economy will quit...
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if we goi over the fiscal cliff, what happens to me? >> first of all, the way you sellse your house as to do with capital gains. the value ofpi your house might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher. >> do you agree with that. >> your taxes go up anyway because obama care kicks in on january 1st. there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlem
if we goi over the fiscal cliff, what happens to me? >> first of all, the way you sellse your house as to do with capital gains. the value ofpi your house might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher....
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. >> as washington continues to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. ♪ >> welcome back. got a developing story to talk to you about out of syria right now he where the country's internet service is reportedly back on following a two day nationwide blackout as syrian rebels make a strategic push for, control of an area leading to d
. >> as washington continues to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new...
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the ta
cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking...
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members of his own party seem quite comfortable sending the economy over the fiscal cliff. >> let's bring in our friday gaggle, associate editor and columnist for the hill amy stoddard, danielle gibbs, and columnist for bloomberg view and national review and one of the funnier people on twitter and he did not pay me to say that but i will start with you. so we kind of feel like we're back to square one. should republicans having seen them lose the presidency by a wider margin than many people thought lose seats in the senate which i don't think almost anybody -- unless you're a loyal democrat thought, and lose seats, though, to keep control of the house three and a half weeks ago. should they be more willing to say let's just do a deal here and move on? we kind of lost that argument. we need to pick a better fight. >> i think republicans -- before the election they were dead set against any increase in taxes on upper income people or anybody. and they have moved on that but there's a limit how far they can move and the deal put forward yesterday, john boehner could endorse that tomorrow.
members of his own party seem quite comfortable sending the economy over the fiscal cliff. >> let's bring in our friday gaggle, associate editor and columnist for the hill amy stoddard, danielle gibbs, and columnist for bloomberg view and national review and one of the funnier people on twitter and he did not pay me to say that but i will start with you. so we kind of feel like we're back to square one. should republicans having seen them lose the presidency by a wider margin than many...
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we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the white house. it's not exactly the way he wanted to get there. but can something constructive come out of a private lunch between president obama and the man he defeated just three weeks ago? that's right. that was just three weeks ago. >>> also this morning, a deep dive into america's longest war. look into lessons learned and the sacrifices made by troops at one combat outpost. tell us about what's been accomplished and what's not in more than a decade of fighting. as the country wakes up obsessed with numbers and winners, for the lottery, that, we've got a very important update on the election night numbers that gave us a winner. they've been changing steadily as
we just got to get over this fiscal cliff thing. >> jonathan capehart. >> i learned president morsi of egypt is fanatical about "planet of the apes." >> that is really all you need to know. jonathan, thank you so much. rana, steve, michael and everybody, thank you for watching today. if it's "way too early," it's "morning joe." chuck todd is next with "the daily rundown." >>> together again. mitt romney makes his way to the...
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he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignit
he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the...
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thanks, guys. >>> in just a few minutes an inside look at the fiscal cliff fight on capitol hill. i'll speak with a member of the senate committees on finance and the budget. maryland democrat benjamin harden. >>> nbc news confirms nfl linebacker joe von belcher is suspected of committing a murder suicide. police say the 25-year-old member of the kansas city chiefs killed his girlfriend at her home before then driving to arrowhead stadium. and that is where team officials tried talking to belcher. police describe what happened next as the officers closed in. >> when the officers arrived, when they were pulling up they actually observed a blackmail who had a gun to his head. he was talking to a couple of coaches out in the parking lot, as officers pulled up and began to park that's when they heard the gunshot. it appears the individual took his own life. >> our nbc affiliate says belcher and his girlfriend had a 3-month-old old child now in family custody. what a tragedy there. >>> we also have breaking news from florida. that is where police are interviewing the bus driver who cau
thanks, guys. >>> in just a few minutes an inside look at the fiscal cliff fight on capitol hill. i'll speak with a member of the senate committees on finance and the budget. maryland democrat benjamin harden. >>> nbc news confirms nfl linebacker joe von belcher is suspected of committing a murder suicide. police say the 25-year-old member of the kansas city chiefs killed his girlfriend at her home before then driving to arrowhead stadium. and that is where team officials...
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and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to welcome our c-span audience which is tuning in. um, this is the 15th allstate/national journal heartland poll that we're going to be discussing this morning. since april of 2009, allstate and national journal and the atlantic have partnered in surveying the public opinion of a little bit oriented towards the mitt middle class -- middle class, but public at large. this was initiated by our friend ed reilly and ron brownstein of national journal and post the economic crisis, we decided to see what the american public perceptio
and the fiscal cliff. it's expected to get under way shortly, and we're bringing it to you live here on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning, all. good morning. i'm john fox sullivan, i'm publisher at large of atlantic media company, we publish the atlantic, national journal, government executive, a new product, quartz, and we want to welcome you to this special event this morning. and i want to...
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even if there is a fiscal cliff hit to the economy, they are in better shape to survive it. the bread and butter were the suvs, big cars. a lot of car enthusiasts and people like me love to look at expensive sports cars like the chevrolet camaros. they have switched to, what is selling well is very small cars like this 2013 chevrolet spark. you can see the price tag here, very recession, post recession conscious. $15,000 for this car. now, among the new products offered is an all-electric version of the spark. it will only be sold in california and oregon, initially. some of the innovations here, you will be able to charge this car in 20 minutes, up to 80% of its charge. gm not saying how far it will go on the charge, somewhere under 100 miles. this is definitely a commuter car. this is the mix the auto makers are going to. smaller cars is what's driving the industry right now. >> does it appear to be business as usual in terms of car buyers or how does the situation in washington affect this year's auto show? a lot of people don't know what their tax rates are going to be n
even if there is a fiscal cliff hit to the economy, they are in better shape to survive it. the bread and butter were the suvs, big cars. a lot of car enthusiasts and people like me love to look at expensive sports cars like the chevrolet camaros. they have switched to, what is selling well is very small cars like this 2013 chevrolet spark. you can see the price tag here, very recession, post recession conscious. $15,000 for this car. now, among the new products offered is an all-electric...
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so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich pay more and to give others more. for him it's an ideological mission to take the money from high income and give to it people who don't have as much. >> i agree with chris he said that. that's what he wants to do. but the curious part to me is you had quite a few lawmakers on the republican side of the isle start t --side of the aisle stao crack. they are willing to come to table and play ball. but the president is on the campaign trail and upping the states with totally ludicrous suggestions and plans like the one if you can call it that, the one he put out last week wh
so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich...
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is set to launch itself off the fiscal cliff next. wealthy british style sun it's sometimes. hard. to see the. markets why not scandals. find out what's really happening to the global economy in these kinds of reports on . the gold fever. turnstyles it's good to see late my father but also a month others are involved in the mines and since i started working in the mine i studied the. same multi-nationals. basic cash trying to be milked dry at least i think that in this country gold medal as an environmental cost which is unacceptable to local business was labeled illegal and controlled by criminals people in order to protect our lives our families and to work in peace. moves. we are forced to pay protection to illegal groups what's prices columbia going to pay. the people. the modest affect on our t.v. . do we speak your language or not advance. news programs and documentaries in spanish matters to you breaking news a little tonnage of angles keaton's stories. are you here. to ensure i'll teach spanish find out more visit. the for. fiscal cliff fiscal cliff fiscal cliff if you comp
is set to launch itself off the fiscal cliff next. wealthy british style sun it's sometimes. hard. to see the. markets why not scandals. find out what's really happening to the global economy in these kinds of reports on . the gold fever. turnstyles it's good to see late my father but also a month others are involved in the mines and since i started working in the mine i studied the. same multi-nationals. basic cash trying to be milked dry at least i think that in this country gold medal as an...
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economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven recessions in three of them, jobs continued to grow in to the recession. >> his group bases this on four economic indicators. let me show you. industrial production, that's all the stuff, top left, all the stuff made in the u.s. personal income, you know what that is, sales and employment. look at those lines. based on official government data this year they show a drop off in three of the four indicators starting in july. only employment is steady. that's july. that means we're in a recession right now. may sound obvious to some of you or ridiculous to others but when it comes to determining recessions, few have a better track record than ecri. back in 2001, the group predicted a recession when the vast majority of economists said i
economy headed for a recession with or without the fiscal cliff, he says we're already in one. listen to what the person of the cycle research institute told me today. >> the recession has started. we are a few months in to it. and i think if you wanted to argue against me, i would point to jobs, jobs are still growing but looking at the last seven recessions in three of them, jobs continued to grow in to the recession. >> his group bases this on four economic indicators. let me...
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fiscal cliff, for example, is one of them. >> and as you mentioned, concerns about the relationship. a hoegs was passed by by a pretty good margin. the move was strongly opposed by both the u.s. and israel about that. >> the only way forward is not meaningless theater at the united nations. the only way forward is to have meaningful peace talks, to engage for israelis and palestinians to try to solve the problems together. and that's what we're proposing. direct face to face peace talks. >> against this backdrop, the next opec meeting i believe december 12th is approaching. how do you expect the nations involved to respond? >> so far i guess with wti prices under $100, saudi arabia has achieve wlad it has publicly announced it wanted as in a price under $100. so right now i think there's very little scope for change in either production or actual quotas for the cartel. relative to developments around gaza, of course they're adding an additional layer to geopolitical tensions. but then again, if you consider the region, it is not a region that produces oil or is strategic in terms of
fiscal cliff, for example, is one of them. >> and as you mentioned, concerns about the relationship. a hoegs was passed by by a pretty good margin. the move was strongly opposed by both the u.s. and israel about that. >> the only way forward is not meaningless theater at the united nations. the only way forward is to have meaningful peace talks, to engage for israelis and palestinians to try to solve the problems together. and that's what we're proposing. direct face to face peace...
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is set to launch itself off the fiscal cliff next. wealthy british style sign some time to. market why not come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on. the news a secret laboratory to mccurdy was able to build a new its most sophisticated robot which will unfortunately doesn't give a dollar amount anything tunes mission to teach music creation why it should care about humans in green this is why you should care only dot com it's to. experience before theories words on the power of god. for my. they. make. the. fiscal cliff fiscal cliff fiscal cliff well if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would i
is set to launch itself off the fiscal cliff next. wealthy british style sign some time to. market why not come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into kinds a report on. the news a secret laboratory to mccurdy was able to build a new its most sophisticated robot which will unfortunately doesn't give a dollar amount anything tunes mission to teach music creation why it should care...
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. >> as we continue to try to solve the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give you the answer of where we're going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we raise taxes to pay for more spending. this will o
. >> as we continue to try to solve the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the...
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cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and maybe an unpredictable economy there are some ways to get ahead. these why we what wanted to talk to our next guest who knows thing or two about that. joining us now, kat cole the president of cinnabon. you have a very unique journey to the position you have today. it all started at hooters, right? >> yeah, i started out like many teenagers, my first job in malls and restaurants, and i got a job at hooters as a hostess and worked my way up and became a waitress at haouters for a fe hooters, when the cooks quit i began to cook. that sent me all over the world opening up new hooters restaurants on continents outside of north america and getting great business experience. jenna: you were traveling to places like australia and central and south am
cliff, that is the big question. businesses which have held off investing and hiring because of uncertainty over the fiscal outlook might finally open their wallets, that means more jobs too. a little bit more optimism potentially on the horizon. even if a tough jobs market and maybe an unpredictable economy there are some ways to get ahead. these why we what wanted to talk to our next guest who knows thing or two about that. joining us now, kat cole the president of cinnabon. you have a very...
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in light of the fiscal cliff hanger we are asking, what would milton do? the answer would surprise you. it's next. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios jon: right now, new information on crime stories we are watching. authorities in iowa working to identify remains discovered in woods in evans dale yesterday. authorities believe they are the bodies of two young cousins, an 11-year-old and a 9-year-old. those two little girls you probably remember vanished while riding their bikes five months ago. a manhunt on hawaii's big island. authorities are looking for two inmates who overpowered a guard and escaped from a correctional center. the two men are serving time for attempted murder and burglary. the family of a missing new york teenager releases an age-processed photo in hopes of getting a break in the case. 17-year-old brittany drexel vanished while on vacation with friends in myrtle beach, south carolina three years ago.
in light of the fiscal cliff hanger we are asking, what would milton do? the answer would surprise you. it's next. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios jon: right now, new information on crime stories we are watching. authorities in iowa working to identify remains discovered in woods in evans dale yesterday. authorities believe they are the bodies of two young...
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new research on the white house plan to avoid the so-called fiscal cliff is raising concerns about how much the tax hikes can do to keep the economy afloat. the edover an influential financial paper he says america needs to be focused on. a case showing the potential down sides of winning the lottery. we'll detail the case of a man who struck it rich big time, and then was found dead and buried under a concrete slab in someone's backyard. now could the woman accused of stealing his cash and killing him wind up a free woman? "kelly's court" takes a look. >> i would never hurt that man. he knows, everyone knows i would never hurt that man in any way. t from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a
new research on the white house plan to avoid the so-called fiscal cliff is raising concerns about how much the tax hikes can do to keep the economy afloat. the edover an influential financial paper he says america needs to be focused on. a case showing the potential down sides of winning the lottery. we'll detail the case of a man who struck it rich big time, and then was found dead and buried under a concrete slab in someone's backyard. now could the woman accused of stealing his cash and...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. t
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't...
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cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little generic, but something that a couple of my friends and i have talked about and just trying a basic understanding of. instead of having an income tax, has there ever been any discussion about having a national or a federal sales tax to help offset so this way everyone from the ric
cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors...
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some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him but not far enough as you noted for the white house because the white house w
some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so...
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he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan leaves the budget talks at a stand still. >> we've got some agreements about the high end tax cuts. republicans don't want to raise taxes on folks like me. i think i can pay a little bit more. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. so right now we're almost nowhere. >> gregg: steve centanni has more. >> the two sides taking verbal pot shots, but not really coming to any kind of agreement adds the clock continues ticking. the president hit the road yesterday using a campaign style appearance in pennsylvani
he >> heather: lawmakers can reach a deal one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan...
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below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go up just to save 2%. it just does not cut it. it is a bad move politically and bad for the country. host: polloi in johnsonville, virginia. -- floyd. caller: i was thinking about the fiscal cliff. i don't think that's the problem at. the problem is when we fell off the moral cliff. our president said gay marriage was ok. and america killing so many babies. side,e get back on god's everything else will take care of itself. that's the way it is. a guy said it seemed like christians are down and out. let me tell you, christians are the happiest people there is, because we have
below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go...
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to grow. >> is it possible that this whole debate and the fiscal cliff, whether or not we go over it or not, would bakt how many people are working the next year? >> it will definitely impact, but i think what the numbers are telling us and what we've seen for the last couple of months is that the affect will not be as great as most people are predicting. you know, we kind of got this y2k kifr syndrome that's going on. it will certainly have an affect, but it also means that we can -- we're in a position to really craft a real comprehensive way to -- >> are these good jobs? what kind of jobs are these? >> they are. it's interesting. if you look at whether jobs are created, most of them are administrative management kind of jobs, but people are being re-employed at a much lower salary than the jobs that they had when they were unemployed, and they're also coming back into part-time jobs. >> all right. it's a mixed picture. >> it is. >> i know you have always been predicting a good -- we're always happy when you are right. thank you, danny. >> okay. >>> a labor issue that is drawing ou
to grow. >> is it possible that this whole debate and the fiscal cliff, whether or not we go over it or not, would bakt how many people are working the next year? >> it will definitely impact, but i think what the numbers are telling us and what we've seen for the last couple of months is that the affect will not be as great as most people are predicting. you know, we kind of got this y2k kifr syndrome that's going on. it will certainly have an affect, but it also means that we can...
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cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at panasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would c
cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. at...
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. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening. >> gregg: i was reading economists and they say household purchases, wages in salary going down, durable goods decreasing now we have manufacturing coming out on monday as well as jobs report on thursday or friday? >> yeah, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll
. >> gregg: which is congress's job. [ laughter ] >> and more important than the fiscal cliff a lot of investment houses are lowering their growth outlook. that is because the owners of small businesses, they are the drivers of the economy. they hire. right now, one out of five cut jobs in the next 12 months. one out of three is cutting capital spending. if there is no jobs we don't have consumer spending that is 70% of g.d.p., so this is really steam rolling. it is frightening....